Michael Saylor Rallies Bitcoin Army ⚔️ – “Starve The Bears!”
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Updated at: 2 hours ago
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As markets shook this week, Michael Saylor urged Bitcoin investors to stay strong. A 15-second clip and a new corporate purchase arrived as investors digested a strong downturn that had Bitcoin near $102,000 before a comeback.
Saylor Warns of Virus
In the short film “Don’t Feed The [Bitcoin] Bears,” Saylor employed the fun metaphor “Ursus Bitcoinius, the Bitcoin Bear” to warn holders not to encourage pessimistic comments.
Strategy, previously MicroStrategy, bought 220 BTC for $27.2 million, according to reports. This was seen as evidence of the company's crypto commitment. Strategy had 640,250 BTC, worth $71.40 billion.
After increased US-China trade hostilities, markets fell. The decrease caused liquidations and shook dealers. Bitcoin rebounded to $111,500, but worry persisted.
Around $3.8 trillion was the crypto market cap. Ether exceeded $4,100, BNB $1,180, and Solana $190. Dogecoin outperformed several majors with a 5% daily and 20% weekly increase.
On-chain experts saw an orderly retreat. CryptoQuant describes the sell-off as managed deleveraging, not a panic.
The Fear & Greed index was at 37, while certain risk measures were closer to 34.
“The bears seem to have had their fill,” Alex Kuptsikevich of FxPro remarked. That indicated that downward pressure was diminishing but danger was still there.
A purchase and morale boost are meant to improve confidence. Strategy's acquisitions are an investment and a statement to shareholders, who regularly monitor corporate holdings.
Many traders defend the $109,000–$110,000 area as a temporary base from August.
Analyst Picks and Next Steps
Traders and experts examine geopolitical concerns and liquidation data. If risk aversion rises, prices may fall.
However, consistent purchasing and calmer macro news may maintain advances. Futures market liquidity and fresh inflows will be essential.
Video of Saylor gained attention. The 220 BTC buy did too. Both public messages attempted to reduce fear.
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